Novo Insurance Services Ltd
06308979
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/12/2024
total exemption full
Next accounts due
30/09/2026
Confirmation statement
Last: 28/10/2025
Due 11/11/2026
Industry
Officers
director · Since 30/05/2019
DIRECTOR
BRITISH · ENGLAND · Age 64
Also on 4 other boards
Persons with Significant Control
Mr Mark Underwood
British · England · Age 64
168, Church Road, Hove, BN3 2DL
Notified 31/05/2019
Former PSCs
Mr Gregory Mark Durkan
Ceased 31/08/2017
Mr Kevin Joseph Durkan
Ceased 31/05/2019
CompanyRankvs 633+ SIC 65120 peers60
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors. The directors consider th
Key FinancialsYear ending 31/12/2024
Net Worth
£137k
Balance sheet strength
Cash
£119k
Cash in the bank
Net Current Assets
£137k
Working capital
Current Assets
£146k
Current Liabilities
£9k
Debtors
£27k
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 15.40 | +£22k |
| 2023 | 7.25 | +£22k |
| 2022 | 7.04 | +£27k |
| 2021 | 8.31 | +£10k |
| 2021 | 8.41 | +£18k |
| 2020 | 6.11 | +£26k |
| 2019 | 0.23 | +£0 |
| 2018 | 1.56 | — |
Derived from filed accounts. Not audited figures.